David Sacks, the White House's "Crypto Czar," anticipates bipartisan support for the stablecoin regulation bill (GENIUS). Speaking to CoinTelegraph, Sacks highlighted the potential for the bill to pass in the US Senate on June 17, marking a significant step forward for crypto regulation. This bipartisan effort could be a watershed moment, signaling increased acceptance of digital assets within the US government. The GENIUS bill aims to provide a regulatory framework for stablecoins, addressing concerns about their potential impact on financial stability and consumer protection. Widespread adoption of stablecoins hinges on this clarity. If passed, the bill will establish clear guidelines, fostering innovation while mitigating risks in the crypto space. ```
